The Bank of Bogota said the CDT can be opened digitally in the different virtual channels of the financial institution, with rates from 15.48% effective per year (EA) for a term of 180 days.
“Among our savings and investment options, our CDT stands out, which not only provide investment security, backed by one of the most experienced banking entities in the country, but also has Fogafín Deposit Insurance coverage. This is, without a doubt, a great time to invest in a CDT due to the prevailing rates in the market and the strength of the product.”, affirmed Mauricio Fonseca Seather, vice president of Consumer Banking and SMEs.
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At Banco de Bogotá, customers can open the product in the network of bank branches, or in virtual channels safely in five minutes. Similarly, the financial institution has a tool that allows simulating the investment so that clients have clarity on the return, according to the amount, term, age and segment.
The entity said that CDT can currently be opened from $100,000 and with terms from three monthsthese have Fogafín Deposit Insurance, do not have an opening commission, and the returns are subject to withholding at source, but exempt from the collection of 4×1,000.
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Experts from Banco de Bogotá recommend take into account 3 key factors: security, financial liquidity, and characteristics of the CDT. Regarding security, it is recommended to opt for robust institutions, supervised by the Financial Superintendence and covered by Fogafín Deposit Insurance, since due to their reputation and the regulations that govern them, they guarantee the client compliance with the return of their resources and the payment of yields.
Similarly, the investor must be clear about how much money is available to make investments without affecting day-to-day liquidity, taking into account that the money invested will not be available until the expiration date of the CDT. So that, an investment amount and realistic time frames must be established that do not affect the financial stability of the client.
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Finally, keep in mind that deposit rates are constantly adjusted to adjust to inflation, which is why they usually guarantee a real level of profitability and, in scenarios of high rates such as the current one, compete and exceed other financial instruments, maintaining the low level of risk.
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